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DCM Shriram to infuse over Rs 350 cr on expansion of sugar business

Wednesday, 10 Nov 2021
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DCM Shriram has firmed up plans to make an investment of over Rs 350 crore, mainly to expand the capacity of sugar mills.

The company approved three investment proposals for the sugar business to capitalise on the increase in sugarcane availability in its catchment area, enhancing capacity for production of refined sugar due to consumer preference and building flexibility of feedstock for its distilleries.

DCM Shriram Sugar factories are located in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh, with a combined installed capacity of 38,000 tcd.

The company will increase sugarcane crushing capacity by a net 3,000 tcd to 13,500 tcd at Ajbapur plant along with conversion to refined sugar for the entire plant with an investment of Rs 258 crore.

The conversion of the existing 8,000 tcd Hariawan sugar facility to refined sugar with an investment of Rs 50 crore. Post this, the entire 13,000 tcd plant will produce refined sugar at Hariawan.

DCM Shriram will also increase grain attachment in distillery size to 260 klpd for the upcoming 120 kld distillery at Ajbapur at an investment of Rs 50 crore (upcoming distillery capacity to remain at 120 kld).

The three expansion projects will be commissioned by October 2022.

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